Mumbai, April 16 -- The Enforcement Directorate (ED) arrested Amitabh Jhunjhunwala and Amit Bapna, close associates of industrialist Anil Ambani, on Thursday, according to an official statement.
The arrests are part of an ongoing investigation under the Prevention of Money Laundering Act (PMLA), based on multiple cases registered by the Central Bureau of Investigation (CBI).
Allegedly, Jhunjhunwala, who was the director of Reliance Capital Limited, was one of the key decision-makers in various operations of Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).
Anil Ambani-linked companies allegedly laundered more than Rs 40,000 crore. In the money laundering case, investigating agencies have seized assets w...